Bottom Line: Summer road trip will be a bit more expensive this year

Friday

May 12, 2017 at 9:51 AMMay 15, 2017 at 11:25 AM

Mark Williams The Columbus Dispatch @BizMarkWilliams

Expect to pay a bit more at the pump for your road trip this summer.

Prices for regular gasoline are expected to average $2.39 a gallon this summer, according to the latest forecast from the federal Energy Information Administration. That’s up from $2.23 a gallon last summer.

The higher cost this year is primarily the result of expected higher oil prices.

For the year, the forecast is for gasoline to average $2.34 a gallon. That would mean that the typical American household would spent about $160 more on fuel this year than in 2016.